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20121127
20121127
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CNN
Nov 27, 2012 1:00pm PST
. thanks very much. >>> hundreds of thousands of homes torn apart by superstorm sandy. as people start to rebuild, are insurance companies trying to help? or are they just trying to help themselves? >>> the price tag for superstorm sandy is growing. officials in new york state and new jersey say they'll need more than $70 billion to recover. in some ways the property devastation was worse than hurricanes katrina and rita combined. in some ways. in new york state alone sandy destroyed more than 300,000 homes. that's a lot of homes that have to be rebuilt. and as cnn's national correspondent deborah feyerick discovered, it means a lot of homeowners are looking for answers. >> reporter: when superstorm sandy hit, peggy thought she was ready. she paid decades worth of insurance premiums to be covered for catastrophe. so this is the letter basically denying -- >> i went to the office and this is what they gave me. >> reporter: she says her claim was denied. her deluxe homeowners policy covered hurricane and wind, not floods. >> she said you're not entitled to anything. you don't have flood
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